The chief person behind the Bank for International Settlements (BIS), Agustin Carstens, has made some controversial claims regarding the spectrum in which Bitcoin stands. He has long held the belief that Fiat has outdone crypto. BIS’s manager Bloomberg has also weighed in on the matter by proposing that the credibility of assets is ensured only via regulated conditions of banks. Surely, the crypto community does not share the same views.
The owner of Paxful, Ray Youssef has said to Cointelegraph that they should pay little to no attention to such comments because they are made to avert the focus elsewhere. Instead, he proposes focusing on what is happening in the global south and Nigeria. Others turned to Twitter to share their exasperation with BIS claims on Bitcoin losses. McCormack came packed with facts to refute BIS’ statements by showing his data analysis on the matter:
